The home automation market size was valued at $46.6 billion in 2020, and is expected to reach $239.9 billion by 2030, registering a CAGR of 17.6% from 2021 to 2030. Home automation systems have witnessed an unprecedented demand in the recent years, due to increased concerns about safety & security, especially in urban areas. Moreover, factors such as improved lifestyle, increase in disposable income of people, and surge in awareness about smart automated systems have boosted the adoption of home automation systems. However, the home automation market is in its developing stage for cities and rural regions, and, is expected to witness significant growth in the future. Metropolitan cities are anticipated to provide lucrative opportunities for the market players, owing to improvement in access to wireless technologies in these cities.
Major Key Players of the Home automation Market are:
ABB, ADT, Creston Electronics, Inc., Honeywell International Inc., Ingresoll Rand, Johnson Controls, Larsen & Toubro Ltd., Legrand, Samsung Electronics Co., Ltd. and Schneider Electric.
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Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.
The global Home automation report offers quantitative and qualitative analysis of the market from 2021 to 2030. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
COVID-19 Impact Analysis on the global Home automation:
The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Home automation Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.
Key Market Segments –
BY APPLICATION
Lighting
safety & security
HVAC
Entertainment
Others
BY TECHNOLOGY
Wired
Wireless
Market Snapshot Some of the wider facets that our team at AMR emphasize on are:
- Our professional squad of analysts always endeavor to comprehend the bigger picture of any industry, especially in terms of its growth stages.
- The teams emphasize on procuring pertinent insights into diverse models of competitive advantage while forming a core environment analysis.
- The specialists also keep on adapting the value chain analysis procedures of organizations to apprehend how exactly the customer value is generated.
The major extents of focus that prop up and actuate our primary and secondary research initiatives and endeavors are:
- What are the basic & primary competencies of the new entrants as well as the existing players in the industry we are exploring?
- What are the branding opportunities that are evolving at a swift pace?
- What are the prime competitive forces shaping the industry?
- Why some viable approaches are more prevalent than others among the frontrunners in the industry?
- What are of the key pricing schemes & policies that organizations in an industry are incorporating for promoting their products worldwide?
- What are the market strategies that are appropriate to a certain service or product?
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Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Home automation Market Size
2.2 Home automation Market Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Home automation Market Size by Manufacturers
3.2 Home automation Market Key Players Head office and Area Served
3.3 Key Players Home automation Market Product/Solution/Service
3.4 Date of Enter into Home automation
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Home automation Market Sales by Product
4.2 Global Home automation Market Revenue by Product
4.3 Home automation Market Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Home automation Market Breakdown Data by End User
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.